Problem 12-11 Preparing Segment Performance Reports (L01 - CC2, 3) Bharat Curry Foods (BCF) prepares and sells frozen curry dinners. The company reported the following operating results for 2021, In which there were no inventories of dinners at the beginning and end of the year: BHARAT CURRY FOODS Income statement For the Year Ended December 31, 2021 Sales $1,660, eee Cost of goods sold 958, eee Gross margin 782, eee Selling and administrative expenses 447, eee Operating income $ 255, eee BCF sells two types of curry foods-chicken and lamb-and operates in Ontarlo and western Canada. Information on sales and costs is as follows: Chicken Lamb Total 37% 25 62% 21% 17 38% 58% 42 100% Regional sales percentage of national sales: Ontario Western Canada Total costs as percentage of regional sales: variable production costs Variable selling expenses Fixed costs by product: Traceable fixed expenses Common fixed costs 42% 15% 42% 15% $154,000 $ 77,eee $ 77,000 Remainder of total costs The following Information is for lamb products only: Western Canada Ontario Total costs as percentage of regional lamb sales: Variable production costs Variable selling expenses Fixed costs by region: Traceable fixed expenses 47% 14% 35.82% 16% $31,800 $46,880 $77, eee Required: 1. Prepare, in good form, an Income statement segmented by product line, showing the corresponding company totals. Use Exhibit 12- 3 as a gulde. (Round "Percentage" answers to 2 decimal places, (I.e., 0.1234 should be considered as 12.34%). Round your answers to nearest dollar amount.) BHARAT CURRY FOODS Segment Performance Report For the Year Ended 2021 Chicken Lamb Total Less: Variable costs BHARAT CURRY FOODS Segment Performance Report For the Year Ended 2021 Chicken Lamb Total Less: Variable costs Less: Fixed costs % % % 2. Prepare, in good form, a segmented performance report for lamb curry dinners by region. (Round "Percentage" answers to 2 decimal places, (l.e., 0.1234 should be considered as 12.34%). Round your answers to nearest dollar amount.) BHARAT CURRY FOODS Income Statement Segmented by Region for Lamb Products For the Year Ended 2021 Ontario Western Canada Total Less: Variable costs Less: Fixed costs % % %